CNBC’s Jim Cramer on Friday laid out his game plan for the week ahead after what he called one of the most “remarkable” rallies he’s ever seen. “If you didn’t believe we could have still one more week where we’d rally 3%, you’d be right,” Cramer said. “We actually rallied 4% thanks to today’s gigantic…
Cerebras, a producer of chips that run artificial intelligence models, will file to go public on Friday, two people familiar with the matter told CNBC. The people spoke on condition of anonymity, in order to discuss internal matters. Cerebras declined to comment. For years, Cerebras sought to sell chips to companies, but it has begun…
Rear Admiral Erica G. Schwartz. U.S. Department of Health and Human Services President Donald Trump on Thursday nominated Erica Schwartz to serve as director of the Centers for Disease Control and Prevention, concluding a monthslong effort to choose a permanent leader of the embattled health agency. Schwartz, who will have to be confirmed by the…
Netflix co-founder and CEO, Reed Hastings, is in Sydney to meet with executives of other subscription streaming services on Feb. 25, 2022. Wolter Peeters | Fairfax Media | Getty Images Netflix shares fell 8% in extended trading on Thursday after the streaming giant released its first-quarter earnings report and announced a key governance change. The…
Stock picture of a British Airways plane taking off from London Heathrow Airport. Stefan Rousseau – Pa Images | Pa Images | Getty Images The International Energy Agency’s head warned Thursday that Europe maybe has six weeks left of jet fuel as the airline industry continues to grapple with headwinds due to the Middle East…
Illuminated logo for Pepsi on a soda fountain in Walnut Creek, California, March 4, 2026. Smith Collection | Gado | Archive Photos | Getty Images PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations as its struggling North American food business reported a return to volume growth. Shares of the company rose slightly in…
Shares of Daikin Industries surged as much as 13.9% on Thursday after activist investor Elliott Investment Management said it would work with the company to improve performance and narrow its valuation gap with peers. The stock later pared gains and was up about 11% as of 10:40 a.m. local time. “Elliott’s significant investment in Daikin reflects…
Spirit Airlines airplanes taxi on the tarmac at New York’s Laguardia Airport in the Queens borough of New York City, U.S., Nov. 7, 2025. Ryan Murphy | Reuters Spirit Airlines could liquidate as early as this week, according to people familiar with the matter. They spoke on the condition of anonymity to discuss matters that…
Doug Field, the chief EV, digital and design officer at Ford Motor, speaks at Louisville Assembly Plant as Ford shares its plans to design and assemble its “Universal Electric Vehicle” platform on Aug. 11, 2025. Courtesy: Ford DETROIT — Ford Motor‘s head of electric vehicles and software is leaving the automaker as it restructures its…
A woman walks in front of the Gucci store on Fifth Avenue in Trump Tower on February 24, 2021 in New York City. John Smith | Corbis News | Getty Images Luxury stocks tanked early Wednesday after Gucci-owner Kering and Hermes reported first-quarter earnings that disappointed investors amid a conflict in the Middle East that…
